South Korea Ammunition Industry Outlook 2022 - 2026

Key Market Indicators

The country was number 4 in 2021, the United States led with 4,919,400 Kilograms. China, Germany and Canada respectively came in numbers 2, 3 and 5 in this ranking. Korean imports of ammunition will drop by 2.5% a year on average over the period 2021 to 2026, from 443,050 kilograms in 2021 to 386,480 kilograms in 2026, according to the latest figures. Since 1993, demand has decreased by a total of 9.3%. In 2021, Korea was the 17th largest importer, with Norway taking the lead at 443,050 kilograms. Slovakia, France and Spain were in second, third and fourth places respectively. Korean exports of ammunition will increase by an average of 1.6% a year over the 2021 to 2026 period, from 2,198,800 kilograms in 2021 to 2,459,700 kilograms in 2026. Since 1993, supply has grown by 27.9%. In 2021, Korea was the fourth largest exporter, with the United States taking the lead at 4,919,400 kilograms. China, Germany and Canada were in second, third and fifth places respectively.

South Korea Ammunition Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Weapon and Ammunition Market: Unveiling Insights Across Online Sales to Manufacturing

  The advent of digitization has transformed the landscape of the global gun & ammunition industry. Online sales channels have emerged as a crucial segment, bolstering the market's profitability and reach. As buyers prefer the convenience and variety offered by online platforms, manufacturers and sellers increasingly understand the need for an...

  Discover more insights

• Expanding Horizons: Unpacking the Intricacies of the Global Ammunition Handling System Market

  The global ammunition handling system market has been evolving as an integral part of the international defense sector. The major driving factors of this industry are increasingly innovative technological advancements in automatic handling systems, looking to optimize the military's logistical support functions. The rapid development of remote weapon stations and...

  Discover more insights

• Caliber Ammunition Market: Evaluating Growth Dynamics and Emerging Trends Across Sizes

  The bullet industry, referring to the market specializing in caliber ammunition, has been demonstrating a solid growth trajectory. The demand for different sizes and types of ammunition has been stoked by a myriad of factors, not least the escalating global geopolitical tensions, steady military expenditure, and the rise in recreational...

  Discover more insights

• Ammunition Market Insights: Exploring Trends in Small Caliber and Less Lethal Sectors

  The small caliber sector in the ammunition market has been demonstrating growth due to a variety of factors. There is a consistent demand from military organizations, which has been supplemented by interest from civilian shooters, both experienced and novices. This is in part fueled by an increased focus on self-defense...

  Discover more insights

• Air Gun & Airsoft Gun: Comprehensive Market Insights and Forecasted Trends

  The global demand for projectile-firing devices including air guns and airsoft guns is marked by a complex, multifaceted growth pattern. This is largely influenced by factors such as the increasing interest in outdoor recreational activities, the growing popularity of prosumer culture, and stricter regulations on firearms. The market is currently...

  Discover more insights